Corporate earning season kicking off positive - BBH

FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman noted that the US corporate earnings season formally began with Alcoa yesterday.

Key Quotes:

"Both its top and bottom lines beat expectations. Foreign exchange developments actually worked to its benefit, contrary to media reports that made it seem as if they would only work against US earnings."

"Yesterday, the S&P 500 closed the downside gap created from the higher opening on January 8, easing some of the technical downside pressure. US shares are trading higher in Europe, pointing to a higher open today."